And the most. Summer break. Is history. It is. Not going to. Come and. Probably including normal. This League Starts to temper the team on g. W. A ticking time bomb as the pandemic sparked a debt the across africa experts warn of the continents recession could trigger a global explosion. In the fight against coronavirus. The firm heads. Start in vaccine production. And its all aboard the wind in south africa which is running again after idling in lock down. This is v. W. Business im going on in berlin thank you for joining us the world banks chief Economist Says its going to take 5 years for the Global Economy to recover from colvin Carmen Reinhart says that the pandemic represents the largest economic shock the world has experienced in decades the world bank predicts world the Gross Domestic Product will fall 5. 2 percent this year they recommend governments focus on strengthening Health Services and providing Financial Support to the private sector and citizens. But thats harder to do in some places than others the coronavirus has thrown africa into its worst economic crisis in decades key streams of revenue like Raw Materials and tourism have dried up along with the foreign currency that would have been generated as a result many african economies that burdens are bulging. Economies across Subsaharan Africa struggling to cope with the fallout from the pandemic some like kenya and tanzania have been hit hard by the collapse of the Tourism Industry oil rich angola and nigeria meanwhile losing revenue as exports to indulge you to record low prices debt loads in some subsaharan countries are expanding so rapidly that theyre becoming unmanageable the percentage of government expenditure that goes towards paying interest on loans has risen to more than 15 percent in the region thats around 5 times as much as in industrial nations its a vicious circle the more interested country pays the less it has available to shore up its economy and Health Care System as a result to millions of people in Subsaharan Africa facing unemployment and hunger and the regions most indebted countries are on the brink of bankruptcy. For it is an emerging market economists from Capital Economics she focuses on africa a seemingly intractable debt situation for the poorest african countries whats being done. Thanks for having me to now indeed it is a grave Economic Health and social issue that were all facing for africa it is certainly especially difficult in terms of debt relief and. Relief efforts and initiatives and multilateral organizations and bilateral creditor is our attendance at parts of poorest countries and even more developed once the i. M. F. For its part has. Provided an emergency financing. For the smallest and poorest economies and africa all the way to the biggest and more and most industrialized industrialized ones including nigeria but its important to stress that just as much as with this type of lending with other initiatives to there are limits to how much. External partners can support africa for example nigerias i. M. F. Emergency Financing Deal even the fund itself. Acknowledged that its not going to be enough to cover the countrys financing needs there are also out there initiatives and you may be suffering from the same constraints for example bilateral creditors from the g 20 countries have offered to suspend payments. To about 7080 countries in africa and around the world i just want to jump in there sorry to interrupt but i really wanted to ask you about this point now some countries have decided not to take part in these games like the debt standstill scheme of the g 20 like ghana and kenya for example why do you think that is. Indeed it is the case that some countries have kenya has been specially loud and. In stands it is worried that participating in the Debt Service Suspension initiative would jeopardize its credit rating. Just like kenya other countries might be worried about ratings downgrades. And in some cases this might be substantiated for example if you. Review by ratings agencies and it has seen its. Great and negative territory so countries need to be concerned that their access to Financial Markets might be compromised because i was surprised in service and. A problem all around for issue as an emerging markets economist from Capital Economics thank you very much for your insights thank you for having me german biotech specialist biotech is buying a Production Facility in the german city of marburg from pharma giant novartis many analysts consider buying a leading contender in the race to produce a coven 1000 back seen at a press conference the company says its working on a vaccine using messenger r. N. A. The drug is being developed in cooperation with pfizer and is currently in late stage testing pfizer has called the test successful so far with patients experiencing only minor side effects production of a vaccine is scheduled to begin in the 1st half of next year at an annual capacity of 750000000. 00 doses the firm has contracts with governments around the world to supply the drug. Our financial correspondent Chelsea Delaney has more. Well beyond tech is certainly one of the farthest along in terms of developing a crown of virus vaccine what they have said is that they do expect to submit data to the f. D. A. The u. S. Regulator by the end of october along with their partner pfizer that means that it could potentially be approved by october or november and is shipped out soon after that but its important to keep in mind with this that even if it does get approved by november it wont be widely available to most people for for several more months the 1st doses from what weve heard would certainly go towards the most formidable populations and there would certainly have to be a ramp up period where beyond tekken and pfizer are producing a lot more todays deal with certainly help help them with that but even with more capacity it would likely be mid 2021 late 2021 before everyone really is able to get it get a vaccine the president of the European Commission ursula underlined has pledged a Green Recovery plan to rebuild the u. S. Economy she wants deeper cuts in emissions accelerating a reckoning in the automotive sector that was already under way now german carmaker dialer has presented its 1st Hydrogen Powered semi truck but its a long way from road ready and its environmental credentials are by no means assured. With a certain amount of pump dimer unveiled its 1st Hydrogen Powered so much talk in berlin the wednesday but its not going on sale anytime soon the concept vehicle with a Hydrogen Fuel cell in the range of 1000 kilometers is perhaps an indication of where the companys development is headed. That makes the should visit the next step will be models of customer sort test that will happen around 202324 hours for serial production meaning in any desired quantity and variance that customers can order i expect that by 2027 or so on. Today a Hydrogen Powered truck with such huge fuel cells is 2 or 3 times as expensive as a diesel truck once it goes into serious production the technology will likely be cheaper but it may never outprice diesel and manufacturers are making clear demands of policymakers they want purchases of environmentally Friendly Hydrogen trucks to be rewarded with lower highway tolls for example germans transport minister shares that view. To you its now we have to move toward a c o 2 rolls told that way the topic of c o 2 emissions will play a role in the price usage and that way the difference between the propulsion types will be reduced so an alternative drive that is currently more expensive can become more fordable and efficient. Is the studio History Museum which of you to be correct the attendees at the reveal event agree that such regulations only make sense for long haul and if they are e. U. Wide and that the environment will only benefit if the trucks clean fuel is produced in a climate neutral way today Hydrogen Fuel is still often generated using electricity from coal fired power plants. And finally visitors are flocking once again to south africas wine country and theyre touring it in style the wind chime has finally started running again after all lockdown induced thought so with all aboard and cheers for the countrys wine lovers. The socalled wind tram is back on track south africas strict lock down had put a stop to the tourist attraction but now passengers can enjoy the views over the video its just an hour from cape town its also a great excuse to try plenty of wine. You know the good 19th you know how when you work its the difficulty because you in and out at the end work. So being out definitely you do wonders with the phrase you know escape you have the must as much as we can so this is fabulous and we slowly opening the economy so we can oh yeah i would watch. The tram whens its way through the historic French Valley south africas world famous wine region unlike before most of the passengers are day tripping locals and tourism is yet to see a revival here but the owner of the tram line david blight expects a steady turnaround in the coming months. In february was a 1000 people a day and today. On saturday we doing 250 and thats the 3rd set. So the numbers are going up winemakers and Restaurant Owners are also hoping for an uptick in visitors for 6 months the entire Tourism Industry came to a standstill a lot of jobs here are dependent on the wineries as well as the tram that brings in the tourists with alcoa i try weekends would be a lot quieter as you can see its very very busy so. We very very grateful for them its not quite full speed ahead for the tram line as its serving just half its usual timetable but its a start one that symbolizes south africas journey back to normality. And thats our Business News for more they would check out the w. R. Const lash business our follow us on social media thank you very much for watching im joined now the milan in berlin. To the point of strong opinions clear positions of international perspectives. Things are getting increasingly strange between the e. U. But in china the 2 sides have been hoping to sign a landmark investment deal in reality though theyre hardly on speaking terms why find out only to the point shortly. To the point. Of being 60 minutes on t. W. What secrets lie behind. Discover new adventures in 360 degree. And explore fascinating World Heritage sites. World heritage 360 get kidnapped now. This is the news africa coming up on the program its much worse than we thought and you reports from Human Rights Watch says fallon native all victims of xenophobia in south africa discrimination against Foreign Ministers to news on the faintest we hear from one young lisa viable who says she was meeting i have classes. To further